With a capital gain of 11.84% for the last 12 months, Greenvale, 3059 has performed for property investments than its average annual 3.95% property growth over the last 5 years.
While Greenvale,3059 ranked number 320th in VIC for increase in median house value (annualised) increase, it is ranked 579th over the last 5 years.
Property buyers and investors in Greenvale 3059 should be seeing an average reduction in asking price of around -11.06% . This means that Greenvale is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Greenvale have been waiting around 84.27 days to sell a property.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 3.95%, investors should hope to achieve an overall return of 3.85%
At number 222th in the list of Australian suburbs ordered by increase in median house value over the last year, Greenvale, 3059 is in the top 20% with a property value increase of 17.97% recorded in median house prices.
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
Greenvale is 170th on a list of best yielding suburbs for rents in VIC with a 4.16% return